24th Nov 2022 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 42746.65 (+0.6%)

On Wednesday, BankniftyFuture was seen range with positive bias
BNF was opened gap up at 42555 and went to 42866 then ended at 42745
In the last 30 minutes BNF was dropped more than 150 points
PSUBanks did very well in the last two sessions
Private banks consolidated
VIX below 14
Option premium was seen very low due to low VIX

Likely to witness volatility will be expected in the last 45 minutes
As per open interest 42500PE added more OI and 43000CE added more OI
However, BNF is facing a intraday resistance 42820 and 42900
If stays above 42900 will try to move 43050

On other side, BNF can be considered as supports as 42660, 42575 and 42450

Updated: 08.21 am / 24th Nov 2022